July 3 (Reuters) - Imax Corp IMAX.N :
* IMAX ENTERS INTO NEW $300 MILLION CREDIT FACILITY
* IMAX CORP - ENTERED INTO A NEW FIVE-YEAR SENIOR SECURED REVOLVING CREDIT FACILITY, REPLACING COMPANY'S PRIOR CREDIT FACILITY
* IMAX CORP - CO INTENDS TO USE PROCEEDS OF FACILITY TO REPAY OUTSTANDING TERM LOAN DEBT IN CONNECTION WITH ITS PLAYA VISTA HEADQUARTERS AND OTHERS
* IMAX CORP - NEW CREDIT FACILITY CONTAINS AN ACCORDION FEATURE ALLOWING CO TO FURTHER EXPAND ITS BORROWING CAPACITY TO $440 MILLION OR GREATER